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90% CAGR Growth Expected in Blockchain IoT Market, Could Reach 3,000 mn USD in 5 Years

March 29, 2019

90% CAGR Growth Expected in Blockchain IoT Market, Could Reach 3,000 mn USD in 5 Years
According to a report by MarketandMarkets, the Blockchain IoT market is projected to grow into a 3,021 million USD market by 2024 from existing 113.1 million USD market by enjoying a CAGR of 92.92%. 

The report said that several factors will contribute to the growth of these markets which include the prevalence of IoT, focus on operational efficiency, and the need for IoT security and simplification of business processes.

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